Archive for the ‘United States’ Category

Foreign Executors Must Be Careful to Follow the Rules

Thursday, June 12th, 2014

A recent decision of Justice D. M. Brown, Re Estate of Albert Applegath III, provides an overview of the necessary steps a foreign executor must take to have her authority recognized in Ontario. Albert Applegath III died a resident of New Mexico. His will appointed his wife, Clavis, as executor of ...

RRSP ASSETS AND THE CONCEPT OF ADVANTAGE.

Wednesday, May 7th, 2014

Recently, the Canada Revenue Agency (“CRA”) was asked if there was an advantage as defined in the Income tax Act (subsection 207.05(1) for those who care to look it up) in a situation where the annuitant of an RRSP trust which holds shares of a corporation uses an asset ...

Friday, January 3rd, 2014

Happy New Year. I write this blog at the end of 2013 while we have power. What I mean is we have power back after 4 days without. We were one of the lucky ones- without heat or hydro for only 4 days. Our phones ...